Madam Chair, I think that would be a useful bit of information for us to have.
When the government suddenly changed its direction on international students, it put a lot of colleges and post-secondary institutions into a serious financial situation. One of the things that happened in the 2023 economic statement is that the government changed the way post-secondary institutions are treated with respect to bankruptcy, insolvency and responsibility to creditors.
In essence, the federal government removed post-secondary institutions from the ability to seek bankruptcy protection or insolvency protection. What it effectively means is that governments, federal and provincial, are going to be responsible for the financial decline or, in some cases, catastrophic decline of some post-secondary institutions.
I'm aware that it's likely that, in the next couple of years, several post-secondary institutions will become insolvent and will be seeking some type of creditor protection.
Do you have any data, or are you prepared to do any investigation on how this might impact the taxpayer?
